CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

Iranian Foreign Ministry Spokesman Baghaei said that at the outbreak of the war, the United States believed "Iran would collapse and surrender within three days. Now, months later, the U.S. has ended up in this situation yet still takes pride in the crimes it has committed." Baghaei also noted that whenever global energy prices rise, the U.S. returns to the negotiating table. (Jinshi)

According to South Korean media reports, six leading Silicon Valley venture capital firms—Sequoia Capital, a16z, Khosla Ventures, Lightspeed Venture Partners, General Catalyst, and NEA—have signed a strategic investment memorandum of understanding (MOU) with South Korea’s National Pension Service (NPS). The two sides plan to cooperate in identifying global investment opportunities, sharing investment information, and building an international venture capital network. The South Korean government is accelerating efforts to attract overseas venture capital, paired with the launch of the 200 trillion won National Growth Fund. The market anticipates South Korea’s strategic industries including AI and semiconductors will receive multi-layered support from policy funds, overseas VC, and private capital. However, industry insiders point out that the influx of large amounts of capital into a small number of high-profile companies may inflate market valuations, raising the risk of valuation corrections during future IPO and M&A exit phases, and thus impacting the returns of investment funds.

According to an official announcement, Binance Wallet's Meme Rush has added support for four protocols on the Robinhood Chain, including Pons Family, Ape Store, Uniswap V2, and Uniswap V3.

As of press time, the current funding rate for the CXMT-USDC perpetual contract on Hyperliquid stands at -0.1775%, with an annualized funding rate of roughly -1552.44%. A negative funding rate means short position holders must pay funding fees to long position holders. Simply put, if a trader holds a CXMT short position with a notional value of 10,000 USDC, they will need to pay approximately 17.75 USDC per funding settlement based on the current rate. If this rate persists long-term, the annualized funding cost will reach around 1552%, meaning a trader holding a $10,000 short position would theoretically pay over $150,000 in funding fees over one year.

According to Bitget market data, the Euro Stoxx 50 index rose 0.9%, Germany’s DAX index gained 1.3%, the UK’s FTSE 100 index rose 0.7%, Italy’s FTSE MIB index climbed 0.6%, and Spain’s IBEX 35 index advanced 1%.

China's A-share market closed with gains: The ChiNext Index rose over 3%, the Shenzhen Component Index and the Beijing Stock Exchange 50 Index both climbed more than 2%, while the Shanghai Composite Index increased by 1.15%. Newly listed N-Changxin closed up 465.8% on its debut, setting multiple A-share records, with a total market capitalization of 3.28 trillion yuan.